Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.

Wednesday, March 15, 2017

Sea Otters Rock

High fives all around.

San Francisco, March 7, 2017 — For the second time in as many years, a
federal judge last Friday upheld the U.S. Fish & Wildlife Service’s
decision to end the “No Otter Zone”—a failed program that the government
determined would harm the sea otter population by excluding the animals
from their historic range along the southern California coast.

Several fishing industry groups had challenged the federal decision to
end the management program in two separate lawsuits. In Friday’s
opinion, Judge Gee ruled against these industry groups by declaring that
the law does not require the Service to continue a failed and harmful
program.

Amazon (NASDAQ:AMZN) is ready to do to the local liquor store what it did to the local book store. It is rolling out free beer and wine 2-hour delivery and $7.99 1-hour delivery for Prime Now members, starting in Cincinnati and Columbus, Ohio.

I have great confidence in the greats theft in history is far from over. It's my understanding that the credit unions have recovered and reduced their insurance cost have been reduced. FDIC I am sure will do the same very soon. LOL!

You think the banks should just go bust? I think there are a bunch of bank bosses who should go to jail. perhaps bank support should be contingent on the top layer of execs leaving and prhibiTed from being in the banking biz. The. Fact they are doing cash out refis showed they learned nothing.

Yes and include politicians in the discipline for the insane policies with no over sight or not enforced. Current theft still existing is Interest rates for savers. Figure the loss between 5% and 1% over 10 years loss on a $100K and realize the effect on responsible retirees. Young people saving for a real down payment on a properly priced home.

Suddenly banks/credit union here won't negotiate CD's and don't care if your money walks and We have started to do. Old timers retiring and the young ones are in charge have change of attitude. Same FDIC insurance everywhere, the felling of who cares seems to be the norm. Bank stocks have way bigger dividends then savings rates.

I say get guvvie out of the deposit insurance business completely. Offer low interest govt insured savings accounts (maybe up to $50K) online (or maybe thru the post office (a'la Japan) if you need a physical location)...banks can offer savings accts at higher rates if they'd like..but no govt insurance.

Nothing wrong with the FDIC IMO it did it's job. The good was they raised the banking and savings deposit limit to $250K. What I suspect is banks don't need deposits as a source of money to lend as much as it did in the past. The FED's pumped way to much money into the banks and they just barrow from each other plus how much stock does a bank sell compared to pre bust?

without FDIC..you wouldn't need bank examiners, or capital ratios, or SOX, or any of that nonsense. Banks would have to abide by basic business laws (FTC)..but that's it. They'd be just another business you drive by every day with no taxpayer skin in the game.

FedGov already sells treasury bonds/bills online (Treasury Direct)..so it wouldn't be that hard to add cd-like products to the mix. Now that I think about it..you wouldn't even need a max limit (~~250K)...